Swiss National Bank Has $41.39 Million Stake in F5, Inc. (NASDAQ:FFIV)

Swiss National Bank decreased its stake in shares of F5, Inc. (NASDAQ:FFIV) by 5.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 164,600 shares of the network technology company’s stock after selling 9,500 shares during the period. Swiss National Bank’s holdings in F5 were worth $41,392,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of FFIV. Edge Capital Group LLC acquired a new stake in shares of F5 during the 4th quarter worth approximately $59,623,000. Cookson Peirce & Co. Inc. bought a new position in shares of F5 in the 4th quarter worth $53,212,000. Hotchkis & Wiley Capital Management LLC lifted its holdings in shares of F5 by 3.6% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 5,489,388 shares of the network technology company’s stock worth $1,208,763,000 after purchasing an additional 191,020 shares in the last quarter. Point72 Asset Management L.P. bought a new position in shares of F5 in the 3rd quarter worth $35,090,000. Finally, Jupiter Asset Management Ltd. lifted its holdings in shares of F5 by 83.1% in the 4th quarter. Jupiter Asset Management Ltd. now owns 296,506 shares of the network technology company’s stock worth $74,562,000 after purchasing an additional 134,537 shares in the last quarter. Institutional investors and hedge funds own 90.66% of the company’s stock.

Insider Transactions at F5

In other news, Director Marianne Budnik sold 1,872 shares of F5 stock in a transaction on Friday, March 14th. The stock was sold at an average price of $260.72, for a total transaction of $488,067.84. Following the sale, the director now directly owns 1,207 shares in the company, valued at $314,689.04. The trade was a 60.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Scot Frazier Rogers sold 3,486 shares of F5 stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $293.18, for a total value of $1,022,025.48. Following the sale, the executive vice president now owns 20,075 shares in the company, valued at $5,885,588.50. The trade was a 14.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 16,932 shares of company stock worth $4,965,150 in the last ninety days. Company insiders own 0.52% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on FFIV. Bank of America increased their target price on F5 from $180.00 to $260.00 and gave the stock an “underperform” rating in a report on Friday, January 31st. Barclays increased their target price on F5 from $246.00 to $296.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 29th. Evercore ISI increased their target price on F5 from $240.00 to $270.00 and gave the stock an “in-line” rating in a report on Friday, January 17th. Royal Bank of Canada increased their target price on F5 from $260.00 to $310.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 29th. Finally, Piper Sandler raised their price objective on F5 from $246.00 to $304.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $295.00.

F5 Price Performance

NASDAQ FFIV opened at $262.46 on Monday. The stock has a market capitalization of $15.13 billion, a price-to-earnings ratio of 26.09, a PEG ratio of 3.85 and a beta of 1.10. F5, Inc. has a one year low of $159.01 and a one year high of $313.00. The business’s fifty day moving average is $282.85 and its 200-day moving average is $250.26.

F5 Company Profile

F5, Inc provides multi-cloud application security and delivery solutions in the United States, Europe, the Middle East, Africa, and the Asia Pacific region. The company’s distributed cloud services enable its customers to deploy, secure, and operate applications in any architecture, from on-premises to the public cloud.